Petrobras signs $58m deal with Brazil regulator to bring wells into compliance
RIO DE JANEIRO - Brazilian State-run oil firm Petrobras signed an agreement with regulator ANP committing to bring 335 temporarily abandoned offshore wells into compliance with safety and environmental rules, both parties said in separate statements on Tuesday.
Under the signed agreement, Petrobras will pay 300-million reais ($58.3-million) to ANP, and has until the end of 2030 to comply with the rules.
The agreement is a result of negotiations between the oil regulator and Petrobras.
Petrobras said it has already brought 233 of the 335 wells into compliance.
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